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Updater Services Limited IPO

Updater Services Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 285.00 (-5.00%)

Having completed its public offering, Updater Services Limited's is now listed and trading on the NSE, BSE exchange as of 04-10-2023. The IPO raised cumulative capital of 2,13,33,333 Shares, including 1,33,33,333 Shares in primary capital infusion and ₹240.00 Cr in secondary market transactions.

The IPO was conducted with a price range of ₹280 to ₹300 and minimum investment requirement of 50 shares. subscription activity between 25-09-2023 and 27-09-2023 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 30-09-2023 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.

Updater Services IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Updater Services IPO Key Performance Indicator
Company Financials ( In Crores )

Updater Services IPO About Company

Incorporated in 1990, Updater Services Limited is a B2B services company offering facility management and business support services across India. Its business is divided into two segments: (1) IFM & Other Services – which includes production support, soft services, engineering services, washroom hygiene, warehouse management, general staffing, etc., and (2) BSS – where, through subsidiaries, it provides audit & assurance, employee background verification, airport ground handling, sales enablement and other business services. As of June 30, 2023, UDS served 2,797 customers including major brands like P&G, ABFRL, Microsoft, Hyundai and Saint-Gobain. The company has a wide pan-India presence with 129 points of presence, 116 offices in India and 13 offices overseas.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Updater Services IPO Strength Factors

NA


Updater Services IPO Risk Factors

NA


Updater Services IPO Lead Manager(s)

  • IIFL Securities Limited
  • Motilal Oswal Investment Advisors Limited
  • SBI Capital Markets Limited

Updater Services IPO Promoter(s)

  1. Raghunandana Tangirala
  2. Shanthi Tangirala
  3. Tangi Facility Solutions Private Limited

Updater Services IPO Company Details

Updater Services Limited
Phone:
address:

Updater Services IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Updater Services IPO FAQs